Raymond James & Associates reduced its position in First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 76.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 157,751 shares of the bank's stock after selling 522,935 shares during the period. Raymond James & Associates owned 0.12% of First Hawaiian worth $4,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. bought a new stake in First Hawaiian in the 1st quarter valued at about $15,581,000. WINTON GROUP Ltd increased its position in shares of First Hawaiian by 12.5% during the first quarter. WINTON GROUP Ltd now owns 74,466 shares of the bank's stock valued at $2,077,000 after buying an additional 8,283 shares during the period. Profund Advisors LLC increased its position in shares of First Hawaiian by 38.7% during the first quarter. Profund Advisors LLC now owns 13,916 shares of the bank's stock valued at $388,000 after buying an additional 3,884 shares during the period. Oak Thistle LLC bought a new stake in shares of First Hawaiian during the first quarter valued at about $430,000. Finally, NewEdge Wealth LLC increased its position in shares of First Hawaiian by 0.6% during the first quarter. NewEdge Wealth LLC now owns 75,427 shares of the bank's stock valued at $2,104,000 after buying an additional 427 shares during the period. 98.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of First Hawaiian from a "hold" rating to a "sell" rating in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.50.

First Hawaiian Trading Down 1.1 %

First Hawaiian (NASDAQ:FHB – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The bank reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $189.28 million for the quarter, compared to analysts' expectations of $186.55 million. First Hawaiian had a net margin of 32.12% and a return on equity of 10.13%. As a group, sell-side analysts forecast that First Hawaiian, Inc. will post 2.04 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 22nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.15%. The ex-dividend date was Friday, August 19th. First Hawaiian's dividend payout ratio is currently 56.22%.

First Hawaiian Company Profile

(Get Rating)

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.

Featured Stories

• Get a free copy of the StockNews.com research report on First Hawaiian (FHB)
• 3 Low Beta Defensive Stocks for a Tough Market
• It Could Be a September to Remember for These 3 Stocks
• Peak Inflation Sets the Bottom for Brinker International Stock
• Can Roblox Reverse its Falling Bookings Amid Rising Engagements
• Broadcom Bounces From Institutional Bottom

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.